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Mondelēz International announced it has entered into an agreement with Grupo Bimbo to acquire its confectionery business, Ricolino, for approximately $1.3 billion USD.

Ingredients specialist Loryma is expanding its range of functional extrudates that optimise the nutritional values and mouthfeel of applications in the sports nutrition, snack and convenience sectors. The cereal crispies (Lory® Crisp), protein crispies (Lory® IsoCrisp) and breadcrumbs (Lory® Crumb) are available in various shapes, colours and sizes, and are derived from wheat and other raw materials. With additional fields of application, the new product range complements the already well-known Lory® Tex texturate, which serves as the basis for meat alternatives.

Represents important milestone in Company’s strategy to accelerate growth and become a global snacking leader. Enhances offering in attractive $65B global packaged baked snacks category. Enables innovation across beloved brands including Cadbury, Milka and 7Days

Strong platform with proven track record of high growth enhances offering in attractive $65B global...